2014 Sale Results
Does anyone know what the results were for the Mid-Atlantic sale? I had kinda thought I might hear something afterwards but haven’t. The website doesn’t appear to have been updated since the sale. How did it go?
I did take a moment to glance at the results from the Morgan Opportunity Auction that happened last night through Addis Online Auctions. This auction was mostly a sale of Springmill stock, but included others. You can see the results here: http://www.addisliveonlineauctions.com/en/events/1554/lots
Combined with the 2013 Hylee Sale (I figure that sale happened after the close of show season so it’s still very relevant) these 2 sales had just over 40 horses. Only 3 no-sales, nothing over $20K and only 1 horse over $10K, 13 (that’s over 31%, almost 1 in 3!) under $2K. That puts the average sale price right around $3765.
Most of these horses were very well bred and some were fairly along in their training and some even had show records. How do you feel this reflects on the market as a whole? Are auctions like this a good barometer for private sales? How does this make you feel about the “lack of young stock” discussion? Do you think it’s even related?